Interview with: Derek Woodhouse, Partner at Woodhouse Lorente Ludlow
Q: How has Woodhouse Lorente Ludlow’s strategy evolved as a result of the Energy Reform?
A: We have to focus on the segments in which we can offer a superior value proposition, since we understand that the oil and gas sector […]Continue Reading →
About 50% of the reserves PEMEX has discovered in the past three years are located in deepwater. José Antonio Escalera, Subdirector of Exploration at PEMEX Exploration & Production, says this is the reason why PEMEX is not incorporating proven reserves from exploration activities. However, these deepwater reservoirs are considerably larger in terms of […]Continue Reading →
Perhaps the most well-known fallout from the Energy Reform was the transformation of PEMEX, the Mexican NOC, into a “productive enterprise of the state.” But while positive rumblings emerged about PEMEX losing its monopoly status, or becoming just another market player were played out in the media, the true meaning for this cryptic phrase remains […]Continue Reading →
As part of the efforts to open the Mexican oil and gas sector to private participation, the authorities launched Round One, in which 160 onshore and offshore blocks will be tendered according to basins and types of hydrocarbons. The opening of the market is meant to help the country’s production decline and share […]Continue Reading →